South Africans queue up for London listing

By the end of '99, the FTSE 100 will have four SA members

By

Michael Letellier

February 1, 1999 5:00 p.m. GMT

The decision last week by the South African government to give Old Mutual the green light to move its primary listing to London means that by the end of this year at least four members of the FTSE 100 will be from South Africa. South African Breweries, the world's fifth largest brewer, and Anglo American, the second largest mining company in the world, will move their primary listing to London by the end of March. This follows Billiton's move in July 1997 when it was spun off from Gencor.